A Langley multi-tenant industrial property has sold for $11 million, Avison Young reports.
The 42,244-square-foot building is situated on a 2.24 acre property with amply on-site parking, offering high ceilings, dock and grade loading with each unit. A purchaser could occupy the entire building or a portion of it and demise the balance of the building to lease out and generate income, while allowing for future expansion space. The property is zoned for manufacturing use and has a lease rate of $9.75 per square foot.
The property is located at 6270 205th St., Langley.
Breakdown:
Price: $11,000,000
Lot Size: 2.2.4 acres
Property Type: Industrial
Zoning: M-2
2017 B.C. Assessment Value: $7,050,000
City: Langley
Province: B.C.
Name of Seller's Brokerage: Avison Young Commercial Real Estate
Name of Buyer's Brokerage: NAI Commercial Langley
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